Commercial Loan News
STEELHEAD CAPITAL PROVIDES $1 MILLION LOAN FOR FIFER COURT IN CORTE MADERA, CA.
San Francisco, CA - June 6, 2003
Commercial Real Estate Loan Summary:
Steelhead Capital closed a $1 million loan in Corte Madera, California for Fifer Court. The loan is a 5-year, 5.70% fixed rate mortgage, amortized over 15 years. The loan-to-value ratio was 70% with 1.30x debt service coverage. Steelhead Capital arranged the loan through one of its correspondent lending relationships.
Fifer Court is a 14,000sf office building located in Corte Madera, CA - immediately off the 101 freeway. The market area is located just outside of San Francisco in Marin County. The property is extremely well maintained.
Steelhead Capital is a premier provider of creative commercial loan financing solutions for commercial real estate investors. Steelhead Capital brings an extensive network of lending sources, structured finance experience with a focus on acquisitions, and a clear commitment to personalized customer service to investors financing properties in any of the 50 states. Steelhead Capital's offices are located in San Francisco, CA. Company information can be found at Steelhead Capital Commercial Loans.
Contact Information:
Steelhead Capital, Inc
415-397-2980 (phone)
415-397-2981 (fax)